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<br />State of Nebraska Space Above This Line For Recording Data
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />x0 Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is May -_6th, _
<br />2004
<br />--- _-------
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: Jay S Warner and Kristie K Warner, husband and wife
<br />4311 Michigan Ave
<br />Grand Island, NE 68803
<br />01f checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />United Nebraska Bank
<br />700 N Webb Road Grand Island NE 68803-
<br />BENEFICIARY:
<br />United Nebraska Bank
<br />700 N. Webb Rd. Grand Island NE 68803-
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (defined below) and Trustor' s performance under this Security Instrument, Trustor Irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />property:
<br />Lot One (1), Indianhead Seventh Subdivision in the City of Grand Island, Hall
<br />County, Nebraska.
<br />The property is located in - -- __Hall_________ __ _ ___ - -_ -- - - - - -- at 4071 Indianhead Drive
<br />(County)
<br />--- ------ Isl_a__nd -- - , Nebraska -- -._ --- 68803___________
<br />(Address) (City) ( )
<br />ZIP Code
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian
<br />rights, ditches, and water stock and all existing and future improvements, structures, fixtures, and replacements that may
<br />now, or at any time in the future, be part of the real estate described above (all referred to as "Property ").
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ 150_,_ 000.00 ------- ___--- ----- - -_ -__ --- - - - - -- . This limitation of amount does not include interest and other fees
<br />and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made under
<br />the terms of this Security Instrument to protect Beneficiary's security and to perform any of the covenants contained in this
<br />Security Instrument.
<br />4. SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defined as follows:
<br />A. Debt incurred under the terms of all promissory note(s), contract(s), guaranty(s) or other evidence of debt described
<br />below and all their extensions, renewals, modifications or substitutions. (When referencing the debts below it is
<br />suggested that you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />A Promissory Note Dated May 6th, 2004
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />0 1994 Bankers Systems, Inc., St. Cloud, MN (1 -800- 397 -2341) Form RE -DT -NE 10127/97
<br />- C165(NE) (9808).02 VMP MORTGAGE FORMS - (800)521-7291
<br />(page 1 of 4)
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